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FXNEXX

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--%
1d
1w
1m

Analysis and statistics

  • Open
    629.9522$
  • Previous Close
    629.9522$
  • 52 Week Change
    --
  • Day Range
    0.00$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

FXNEXX.US refers to Fidelity Treasury Only Money Market Fund - Fidelity Institutional Class. This is a money market fund offered by Fidelity that invests primarily in U.S. Treasury securities, repurchase agreements backed by U.S. Treasury securities, and cash. It aims to provide a high level of current income consistent with the preservation of capital and liquidity. As a money market fund, it seeks to maintain a stable net asset value (NAV) of $1.00 per share.
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Factors

Interest Rates: Changes in the Federal Reserve's benchmark interest rates directly impact money market fund yields. Higher rates typically lead to increased yields and prices.

Credit Risk: Perceived creditworthiness of the securities held by the fund influences pricing. Higher risk translates to lower prices.

Maturity: The weighted average maturity of the fund's holdings affects its sensitivity to interest rate changes. Longer maturities mean greater price volatility.

Supply and Demand: Investor demand for money market funds can influence their pricing, as increased demand may drive up prices.

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